119 HR 4102 IH: Revitalizing Investment, Savings, and Entrepreneurship Act U.S. House of Representatives 2025-06-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 4102IN THE HOUSE OF REPRESENTATIVESJune 24, 2025Mr. Hill of Arkansas (for himself and Mr. Steube) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to provide that the rate of tax on adjusted net capital gain does not exceed 15 percent.

1.

Short title

This Act may be cited as the Revitalizing Investment, Savings, and Entrepreneurship Act or the RISE Act.

2.

Rate of tax on adjusted net capital gain not to exceed 15 percent

(a)

In general

Section 1(h)(1) of the Internal Revenue Code of 1986 is amended— (1)by striking subparagraph (D) and redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively, and (2)by amending subparagraph (C) to read as follows: (C)15 percent of so much of the adjusted net capital gain (or, if less, taxable income) as exceeds the amount on which a tax is determined under subparagraph (B),. (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.